Hacking News
Crypto Audits Fail to Cover Key Vulnerabilities, Hacken Reports
Blockchain security firm Hacken found that 77% of third-quarter crypto hacks involved compromised suppliers, delayed fixes, or systems outside the latest security reviews. Hacken reported $1.18 billion in losses across 107 incidents, with $906.8 million due to compromised suppliers or developer tools. Co-founder Andrii Matiukhin noted that audits often only cover specific smart contracts, leaving wallets, signing systems, and third-party software outside their scope, leading to significant losses in exchanges and hardware wallets.